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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (121826)	7/11/2005 11:54:11 AM
From: IHateSourCream	Read Replies (1) \| Respond to of 209892

>>What do you like so much about COH?....besides the nice uptrend?<< You won't like my answer. :-) I'll trade most stocks, although my preference is that they be greater than $5 in price and have an avg. volume greater than 1,000,000 shares (although I'm flexible on the volume). Having said all that -- and having come from a background of FA as opposed to TA, my preference is to trade stocks that have good fundamentals. If I know the stock and the fundamentals, I find I'm more patient with the stock and am less quick to take a loss that, in the end -- with some patience, could end up as a profit. Of course, today I wasn't at all patient with COH. I suspect holding longer (as in a week to ten days) would have been ok too. Still, half a point is half a point -- and I'm fine with that. You asked what I like about COH. In off topic terms, COH has excellent fundamentals (strong earnings growth, low debt, and other stuff you don't want to hear! <g>). Additionally, COH reports in two weeks, so I felt in that respect, there might be some sort of earnings run. However, looking at the chart, it's arguable that the earnings run has already taken place -- hence my anxiety about holding for any length of time. If I had bought last week, I would have been more comfortable holding longer. But I felt that I was getting in fairly high in terms of the recent run-up (which has occurred on declining volume), so I was quick to bail. Time will tell if it was the right decision. From a TA perspective, it pretty much boils down to the fact that I like the strengh of the stock. Its OBV and comparative relative strengh are very high, and I like the fact that, at least recently, it's been staying for the most part above the 20 SMA. stockcharts.com[w,a]dfclyyay[dc][pb50!b200!d20,2!b20!f][vc60][iUb14!La12,26,9!Lk14!Lp14,3,3!Li5,3,3!Lg!Lyb20,2.0]&pref=G 139.142.147.19 Sorry for the long response. Maybe one day I'll be able to answer in EW terms. I'm afraid I've been slacking off lately and have not been tending to my EW studies. <g> (I did at least read p. 45 when you gave your AMAT example! <g>) Anyway, I intend to get to it. After all, I can't reasonably ask any EW questions here if I haven't read the text. <vbg> IHSC@Procrastinator.com